Alliance Boots is leaving itself open to mis-selling claims from its thousands of pensioners after it offered to change the way their plans are paid, its former finance chief said yesterday.
Pension deficits have dropped to just over £300bn as a fall in the price inflation outlook shaved £50bn off scheme liabilities in a month, according to Xafinity.
UK pension schemes should look outside the domestic inflation-linked gilt markets to the global bond markets to hedge risks and obtain higher yields, according to PIMCO.
US - Charles Evans, a leading Federal Reserve policymaker, has called on Ben Bernanke to issue further monetary stimulus as inflation higher than the 2% target would not be a "catastrophe".
Inflation would slash pensioners' income by 60% over a 20-year retirement if they took fixed benefits today, Prudential analysis reveals.
How DC schemes are coping with volatility
Inflation worries rise among UK pensions; Banks shift assets to cut pensions deficits; Pension conundrum at UK banks; Pension funds ‘down £250bn and taking too many risks'; Stagecoach may face executive pay revolt
The European Central Bank will dodge quantitative easing to solve the eurozone sovereign debt crisis because its mandate does not allow it, an Aegon fixed income manager says.
Juan Carlos Artigas, investment research manager at the World Gold Council, makes a case for gold as an independent asset class.